SHAPE Financial Corp. Assigned as Sharia Advisor for the World’s First GCC-oriented Sukuk Fund

-SHAPE Financial Corp, a leading Islamic Finance consultancy based in the United States and Kuwait, has been assigned as Sharia’a Advisor for Sanad Investment Co. Ltd. (Sanad Sukuk Fund). - The Sanad is the Islamic Income Fund for the GCC investor seeking stable returns with liquidity- The Sanad Sukuk Fund closes a major gap for all Muslim investors by allowing them to finally own a diversified, managed pool of Sharia-approved sukuk, equivalent to a bond fund in conventional investing- Fund investments are to be undertaken in Sharia compliant Sukuk and Islamic commercial syndications predominantly in the GCC countries—adding liquidity to the Sukuk sector and promoting economic growth in all Muslim countries, but particularly in the GCC region (PRWeb Oct 18, 2006)  Read More »